Good morning! As we prepare to take a break over the holidays, here’s a wrap-up of housing and economic reports that came across the MBA NewsLink desk this week:
Tag: Redfin
Miami Most Popular U.S. Migration Destination for 4th Straight Month
Despite dire warnings about climate change, the poster boy of coastal cities–Miami–remains the most popular U.S. migration destination for the fourth consecutive month, said Redfin, Seattle.
Housing Market Roundup: Dec. 21, 2021
So many reports, so little time. Here’s a roundup of recent housing market reports that came across the MBA NewsLink desk:
By the Numbers: 10 Housing Records Set in 2021
The coronavirus pandemic and the resulting surge in remote work have changed where, when, why and how people buy homes, reported Redfin, Seattle, resulting in nearly a dozen housing market records in the past year.
Industry Briefs Dec. 10, 2021: Beeline Completes Series A Funding
Beeline, Providence, R.I., a digital start-up mortgage lender, completed a Series A round of financing for an undisclosed amount. The capital will be invested in automation and artificial intelligence to improve the user experience for borrowers.
Inventories Persist at Record Lows
Homes for sale fell to another record low during the week ending November 28, said Redfin, Seattle. Sustained demand pushed the median home price to another record high, and one-third of homes sold in one week or less.
Apartment Rents Up 13% Year Over Year
Apartment rents increased nearly 13 percent nationwide over the past year–the highest rate in at least two years–but growth slowed slightly in October, reports from Redfin and RealPage said.
Housing Market Roundup Nov. 30, 2021
RE/MAX, Denver, said October home sales fell by 6.4 percent from September—nearly double the typical seasonal decline—pinched between a steep median sales price of $336,000 and record low inventory.
Housing Market Cools, But Relief for Homebuyers Short-Lived
Redfin, Seattle, said median home price appreciation slowed again in October, but provided little relief for homebuyers who have seen double-digit price increases over the past two years.
Housing Market Roundup Nov. 22, 2021
Here’s a summary of some of the latest housing and economic reports that have come across the MBA NewsLink desk: